Turkey: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Turkey

The Turkish market for fish fillets and other fish meat fell dramatically to $X in 2022, dropping by -27.3% against the previous year. In general, consumption, however, posted a prominent increase. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Fish Fillets and Other Fish Meat in Turkey

In value terms, production of fish fillets and other fish meat reduced rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 118% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from Turkey

In 2022, exports of fish fillets and other fish meat from Turkey skyrocketed to X tons, jumping by 22% against the previous year. In general, exports showed a strong increase. The growth pace was the most rapid in 2015 with an increase of 28%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of fish fillets and other fish meat skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons), the UK (X tons) and Italy (X tons) were the main destinations of exports of fish fillets and other fish meat from Turkey, together comprising 62% of total exports. Greece, the United States, Germany, South Korea, Israel, France and Spain lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +386.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fish fillets and other fish meat exported from Turkey were the UK ($X), the Netherlands ($X) and Italy ($X), with a combined 62% share of total exports. Greece, South Korea, the United States, Israel, Germany, France and Spain lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, South Korea, with a CAGR of +495.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, rising by 5.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 12%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into Turkey

In 2022, supplies from abroad of fish fillets and other fish meat was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a mild increase. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of fish fillets and other fish meat skyrocketed to $X in 2022. Over the period under review, imports saw a slight expansion. Over the period under review, imports of reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Iceland (X tons), Norway (X tons) and Vietnam (X tons) were the main suppliers of imports of fish fillets and other fish meat to Turkey, together accounting for 85% of total imports. Uruguay, Spain, Faroe Islands and China lagged somewhat behind, together comprising a further 9.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Faroe Islands (with a CAGR of +49.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fish fillets and other fish meat suppliers to Turkey were Norway ($X), Iceland ($X) and Vietnam ($X), with a combined 84% share of total imports. Faroe Islands, Spain, Uruguay and China lagged somewhat behind, together comprising a further 7.3%.

Among the main suppliers, Faroe Islands, with a CAGR of +54.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, reducing by -2.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :